Bulletin – March Quarter 2013
The Resources Boom and the Australian Economy: A Sectoral Analysis
Abstract

The increase in Australia's terms of trade since the mid 2000s gave rise
to a surge in resource investment, an appreciation of the exchange rate, and
a reallocation of labour and capital in the economy. This article examines
the impact of the resources boom on the Australian economy in terms of three
broadly defined sectors: the resources sector, the ‘other tradable’
sector and the non-tradable sector. While not all parts of the economy have
benefited, the process of adjustment has proceeded much more smoothly than
has been the case in previous terms of trade booms.